The European Investment Bank (EIB) is currently trying to position itself as the
'EU Climate Bank'. In November 2019, the EIB’s Board of Directors approved a new level of ambition for the bank towards climate action and environmental sustainability. The bank took the following commitments:
- Unlock 1.1 trillion dollars of climate and environmental investments until 2030;
- At least 50% of EIB finance will be for climate and environmental sustainability by 2025;
- By the end of 2020, the EIB will align all its financing activities with the goals of the Paris Agreement
The EIB is now developing its Climate Bank Roadmap 2021-2025 to guide this transition. As part of the consultation opened by the EIB, we submitted our recommendations for the bank to truly become the 'EU Climate Bank'.
Our key demands are listed here and you can download our full contribution below